Soltec bumps up bank debt after IPO

By Mike Turner
26 Feb 2021

Soltec, a Spanish solar tracker company, has refinanced its main syndicated bank loan, almost doubling the size of its bank facilities four months after the company publicly listed.

Soltec’s syndicated facility is now made up of a €110m guarantee facility and a €90m revolving credit facility, both with three year maturities.

The revolving credit facility will mostly be used for project financing, with €80m earmarked for this purpose. The remaining €10m will be used for general ...

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